When You Want to Have a Serious Discussion with Your

question 138

Multiple Choice

When you want to have a serious discussion with your partner,

• A)sooner is usually better.
• B)state your concern in a general way,not too detailed.
• C)focus on the whole person,not just one behavior.
• D)avoid blaming.

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Definitions:

Property, Plant and Equipment

Tangible assets that are held for use in the production or supply of goods and services, rental to others, or administrative purposes and are expected to be used during more than one financial period.

Asset Recognition

The criteria and process for recording assets on the balance sheet when it is probable that future economic benefits will flow to the entity.

Cost Measurement

The process of determining the cost of a specific item, project, or activity, which can include both direct and indirect costs.

AASB 116

An Australian Accounting Standard Board regulation that outlines the accounting treatment for property, plant, and equipment, including recognition, measurement, and depreciation.